FII FnO Data Analysis for 26 Nov

FII’s sold 25.7K contract of Index Future worth 638 cores, 4.7 K Long contract were squared off by FII’s and 20.9 K short contracts were added by FII’s. Net Open Interest decreased by 16.1 K contract , so FII’s added short in index futures and long in Index Futures.

As discussed yesterday It has been 24 days where Nifty has been rising and maximum correction seen is 100 points, so till we are seeing correction of less than or equal to 100 points buy all dips, Any pullback which extends 100 points will only lead to correction. Today we saw a fall a decline for 106 and bounced back so if 8430 is held we can move back to new life high.Also we bounced back near the trendline support.

Nifty Future November Open Interest Volume is at 1.30 core with liquidation of 58.5 lakh in OI which got rollovered to December series suggesting long rollover.

Total Future & Option trading volume was at 3.91 lakh core with total contract traded at 6.2 lakh. PCR @1.16, PCR is again showing overconfidence in Bulls.